The following is a summary of changes in long-term debt for the year ended June 30, 2003, (amounts in thousands):
Balance July 1, 2002 |
Additions | Reductions |
Balance June 30, 2003 |
Amounts due within one year |
|
---|---|---|---|---|---|
Governmental Activities | |||||
Bonds: | |||||
General Obligation | $ 8,527,436 | $ 1,698,671 | $ 1,009,753 | $ 9,216,354 | $ 673,199 |
Transportation | 3,174,903 | 637,837 | 606,925 | 3,205,815 | 236,830 |
11,702,339 | 2,336,508 | 1,616,678 | 12,422,169 | 910,029 | |
Plus/(Less) premiums and | |||||
deferred amounts | 55,202 | 56,088 | 6,171 | 105,119 | - |
Total Bonds | 11,757,541 | 2,392,596 | 1,622,849 | 12,527,288 | 910,029 |
Economic Recovery Notes | - | 219,235 | - | 219,235 | 43,720 |
Other Liabilities: | |||||
Net Pension Obligation | 3,117,349 | 750,649 | 611,401 | 3,256,597 | - |
Compensated Absences | 341,039 | 21,824 | 14,930 | 347,933 | 12,466 |
Workers' Compensation | 245,183 | 95,707 | 75,245 | 265,645 | 67,633 |
Capital Leases | 76,896 | 1,078 | 9,986 | 67,988 | 12,360 |
Claims and Judgments | 7,725 | 3,280 | 3,393 | 7,612 | 4,831 |
Contracts Payable | - | 7,186 | - | 7,186 | - |
Total Other Liabilities | 3,788,192 | 879,724 | 714,955 | 3,952,961 | 97,290 |
Governmental Activities Long-Term Liabilities | $ 15,545,733 | $ 3,491,555 | $2,337,804 | $ 16,699,484 | $ 1,051,039 |
In prior years, the General and Transportation funds have been used to liquidate other liabilities. | |||||
Business-Type Activities | |||||
Revenue Bonds | $ 1,504,799 | $ 142,949 | $ 92,587 | $ 1,555,161 | $ 77,014 |
Plus/(Less) premiums, discounts and deferred amounts | 6,075 | 166 | 524 | 5,717 | - |
Total Revenue Bonds | 1,510,874 | 143,115 | 93,111 | 1,560,878 | 77,014 |
Lottery Prizes | 473,883 | 7,914 | 46,612 | 435,185 | 51,165 |
Compensated Absences | 80,773 | 13,562 | 6,879 | 87,456 | 23,720 |
Other | 52,118 | 2,863 | 4,004 | 50,977 | 18,179 |
Total Other Liabilities | 606,774 | 24,339 | 57,495 | 573,618 | 93,064 |
Business-Type Long-Term Liabilities | $ 2,117,648 | $ 167,454 | $ 150,606 | $ 2,134,496 | $ 170,078 |